EQLI.TO Alternatives & Similar ETFs

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQLI.TO

EQLI.TO charges 0.29% annually. There are 13 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	EQLI.TO vs USCL.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	EQLI.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	23.82B	Nov 2012	EQLI.TO vs ZSP.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	EQLI.TO vs VFV.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	6.15B	Nov 2012	EQLI.TO vs VSP.TO

Best Risk-Adjusted Alternatives to EQLI.TO

EQLI.TO has a PortfoliosLab risk / return rank of 68. There are 9 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	81	10.16M	May 2024	EQLI.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	400.59M	Sep 2011	EQLI.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	249.48M	Jul 2023	EQLI.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	74	32.85B	Nov 2012	EQLI.TO vs VFV.TO

Top Performing EQLI.TO Alternatives (YTD)

EQLI.TO is at 9.23% YTD. There are 15 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.51%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.51%	10.16M	May 2024	EQLI.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.30%	32.85B	Nov 2012	EQLI.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.21%	12.60B	Apr 2013	EQLI.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	12.15%	23.82B	Nov 2012	EQLI.TO vs ZSP.TO

Lowest Volatility Alternatives to EQLI.TO

EQLI.TO has 9.08% 1-year volatility. No ETFs in the S&P 500 category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 9.32%.

Symbol	Name	Volatility 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	9.32%	400.59M	Sep 2011	EQLI.TO vs USCC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.46%	32.85B	Nov 2012	EQLI.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.46%	—	Jul 2024	EQLI.TO vs XUSC.TO
ZSP.TO	BMO S&P 500 Index ETF	11.53%	23.82B	Nov 2012	EQLI.TO vs ZSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	11.58%	12.60B	Apr 2013	EQLI.TO vs XUS.TO

Lowest Drawdown Alternatives to EQLI.TO

EQLI.TO has a 1-year max drawdown of -5.45%. No ETFs in the S&P 500 category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -6.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	Sep 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	249.48M	Jul 2023	EQLI.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	-8.61%	23.82B	Nov 2012	EQLI.TO vs ZSP.TO

Other ETFs from Invesco

The 8 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 5 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	76	22.65%	1.96B	May 2021	EQLI.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	66	19.79%	1.54B	May 2021	EQLI.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	77	39.66%	—	Jan 2024	EQLI.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	82	16.01%	59.49M	Nov 2025	EQLI.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	76	23.30%	—	Nov 2021	EQLI.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	71	10.72%	1.05B	Mar 2020	EQLI.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	92	9.97%	99.35M	Apr 2012	EQLI.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	82	12.27%	—	Oct 2020	EQLI.TO vs ESGC.TO

Often Compared With EQLI.TO

Investors most often compare EQLI.TO with INTY.TO, JEPI.TO, ZSP-U.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	EQLI.TO vs INTY.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	28	1.48%	—	Sep 2024	EQLI.TO vs JEPI.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	68	10.58%	—	Nov 2012	EQLI.TO vs ZSP-U.TO
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	Inverse Equities, S&P 500	0	-9.58%	25.27M	Feb 2010	EQLI.TO vs HIU.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	3.77%	—	Sep 2025	EQLI.TO vs CRCY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	2	-27.54%	—	Apr 2025	EQLI.TO vs BCCL.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	EQLI.TO vs ENCC.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	EQLI.TO vs HDIV.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	EQLI.TO vs EASY.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	93	14.33%	—	Mar 2025	EQLI.TO vs GOGY.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	61	9.64%	15.61B	May 2001	EQLI.TO vs XSP.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	75	12.58%	405.53M	Sep 2024	EQLI.TO vs UTES.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	EQLI.TO vs HXS.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Nasdaq-100, Derivative Income	78	11.09%	136.22M	Sep 2024	EQLI.TO vs JEPQ.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	94	14.24%	370.01M	May 2011	EQLI.TO vs BKCC.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	15.12%	937.07M	Feb 2022	EQLI.TO vs HYLD-U.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	18	-0.30%	385.04M	May 2024	EQLI.TO vs HPYT.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	31.76%	—	Jul 2025	EQLI.TO vs QDAY.NEO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	68	10.51%	—	Oct 2019	EQLI.TO vs XUS-U.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	16.77%	—	Aug 2025	EQLI.TO vs ECHI.TO

Compare EQLI.TO with Any Fund or Stock

Compare EQLI.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EQLI.TO with funds that move differently

Invesco S&P 500 Equal Weight Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQLI.TO.

Explore EQLI.TO Diversifiers

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) Alternatives